September was a dull moment in crypto world. If you look at the price action.
However, underneath this bearish price action across the market. I am continuing to smell a big bull run that is coming for those that can see how this panic sell offs and profit taking are playing right into the hands of those that are patient and got deep pockets.
I cleaned up...
Context: ~31 days until Zcash's first halving
Since April 12th we've entered an ascending channel with consistent higher lows and higher highs. We've yet to revisit this year's $100 high set during early August, but instead, have seen action mainly concentrated between the $50-$75 range. There seems to be strong support at $50, but even stronger at $44.
False breakout of from key level, false breakout from inverse head and shoulders (not yet invalidated). Remains to be seen if it bounces of the channel support otherwise a breakdown from the channel will send price to 31.9
Apologies for a late post, our family is going through challenging times, my grandma was hospitalized in late August and its terminal. 2020 does suck and it is not even over.
Alright then, back to CRYPTO: We have to look at our AUGUST to see what is happening.
- Zcash (ZEC) Block Reward Halving in November. Countdown: zcashblockhalf.com
- Breakout of previous downtrend.
- EMA 200 has become a strong support level.
I'm now bullish on Zcash (ZEC) more than anything. Imagine the FOMO that will kick in for the halving event. If you are wondering why this event is so important, please search on Google about it.
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ZECUSD - It has completed in choppy up trend, where it completed one down cycle as impulse wave A and correcting in wave B. Dump...
Hey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from...
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ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW)...
1. Zcash is a privacy-protecting, digital currency built on strong science.
2. Zcash is the future of money, but a type of private money decentralized.
3. Zcash is one of the cryptocurrency with implementation of the strong privacy features.
4. Zcash was developer and launched by top crytographers in 2016. This proyect has the best research that has been created...
After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high.
The target would then a higher high between 100 and 113. It remains to be seen what the...
Zcash entering its 5th year since the genesis block and coming closer to its first halving around 18th November which will reduce inflation from 33% to 12.5% in this year.
The contolled supply for zec is like this:
1. Year | Total Zec: 2.65m | Mined Zec: 2.625m | Inflation: infinite | Stock to flow n.d.
2. Year | Total Zec: 5.25m | Mined Zec: 2.625m | Inflation:...